Litigation

Recent Posts

A Dismissal And A Settlement In Failed Bank Shareholder Lawsuits
Posted on 20 May 2011 by Kevin M. LaCroix

One of the ways in which the current wave of bank failures is different from the failures during the S&L crisis is that this time around, by comparison to that prior period, a number of the bank closures have been accompanied by shareholder lawsuits... Read More

$208.5 Million Washington Mutual Securities Lawsuit Settlement Consists Of 3 Separate Agreements
Posted on 7 Jul 2011 by Kevin M. LaCroix

The parties to the consolidated class action litigation arising out of the collapse of Washington Mutual - the largest bank failure in U.S. history -- have agreed to settle the suit for a combined $208.5 million. The settlement, which has a number of... Read More

Former IndyMac CEO Agrees To $12 Million Settlement With FDIC
Posted on 17 Dec 2012 by Michael J. Lello

LOS ANGELES - (Mealey's) Former IndyMac FSB CEO Michael Perry on Dec. 14 agreed to a $12 million settlement to resolve the Federal Deposit Insurance Corp.'s $600 million suit over his alleged role in the bank's failure, according to a stipulation... Read More

Wamu Reaches Settlement With Jpmorgan, FDIC
Posted on 17 Mar 2010 by LexisNexis Litigation Resource Community Staff

WILMINGTON, Del. – (AP) Washington Mutual Inc. has tentatively resolved disputes with JPMorgan Chase & Co. and the Federal Deposit Insurance Corp. over some $4 billion at issue in the bank holding company's Chapter 11 bankruptcy, a... Read More